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and this brings back sweet memories of when china was very isolated during the cold war. in the end, there's a whole new generation of people who have been much more sophisticated understanding, but that i would say it's a very strong autonomic response to the united states beefing up its forces in australia and then they wake up one morning and burma has flipped on them. it was eternal in terms of their faithful allies. these things caused a lot of consternation. so the old fear of diagnostically speaking in china is to fear with sand and travel without. these things happening around them excite them. >> how much does it add to that anxiety is that all? >> is the most problematic relationship now in japan and this is not good. i have to say i think japan probably hasn't played this as well as it might have, but i think on the other hand it would be fair to say also that it serves china's purposes to have something happening outside his orders which can rally people at home. there's a lot of complex things going on in each of these reactions to foreign movements outside. >> which ma
allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to be one of the pillars and hallmarks of his second time in office and he's wasting no time in piling on pressure on to the bank of japan who holds, of course, their two-day policy board meeting later on this week. here is what he had to say. >> i have constantly stressed our desire to present a policy accord in raising the inflation target to 2%. i do think it is unusual for monetary policies to come to the forefront during elections, but we have been able to gain much support for this. i hope the bank of japan will take this resu
debut of the iphone 5 in china as well. nasdaq down by nearly 1%. it looks like it's sitting around the lows of the day. >> something more to watch. next week is a new week, folks. obviously a very difficult day for everybody in america, but we do appreciate you watching "street signs." cnbc will have continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to m
or second. >> days, basically? >> 13 days until the deadline. >> u.s. trade with china, the two sides are talking? >> it kicks off today and tomorrow, crucial talks between the world's no. 1 and #two. the u.s. and china have a lot to tackle, because as you mentioned it has been longstanding trade problems and restrictions with those two. but we could be entering a new era. but you have got a new chinese leader waiting in the wings. i have got a list here, the u.s. wants china to drop restrictions on agricultural products. the u.s. wants china to do more about counterfeiting of u.s. goods. they also want them to allow their currency to appreciate. on the flip side, china wants the u.s. to address its budget problems, the fiscal cliff we just talked about. we know they want the west to stop blocking certain high-tech chinese goods from entering the u.s.. we also know that they want a stop on the chinese investments. takeovers, so to speak. lots to talk about. this is what the experts told me they were looking for. >> there is the currency issue. 10% since the chinese government came in.
counterterrorism, and then the u.s. ambassador to china, gary locke, on the relationship between the two countries. >> our first experience was to come in a different way than every other family up here. probably never happen again in history. and it's interesting because after dad was sworn in, we went and took a picture, photo of the family, behind the oval office desk, and that night we didn't get to move into the white house because nixon had left so quickly, so unexpectedly, they left their daughter and son-in-law, david eisenhower, to pack all their clothes and belongings. it literally took seven or eight days. we had to go back to our little house in alexandria, virginia, suburbia, the neighborhood was surrounded by secret service. we had been living there dad was vice president. and i'll never forget. that night mom is cooking dinner. literally, we're sitting around the dinner table, and mom is cooking dinner, and she looked over at my dad and goes, gerry, something is wrong here. you just became president of the united states and i'm still cooking. >> steve ford, linda johnson robb, and j
owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the jobs stay here. re.and the jobs stay here. >> reporter: chinese firms, flush with cash, have invested $16.4 billion in the u.s. in the past decade, $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ean homes sold in the past year. >> compared to the high-end thiing like in beijing, this is not that expensive, though. r: reporter: di meng is a student at the university of oruthern ca
the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it? some months, the apple turnout, not at all what it was cracked up to be. investors are voting with their wallets. apple shares are down. just a couple of percentage points. important to know this is trading in a nine month low. add another 4 percent today, the negative comments adding to the selling pressure. the firm cutting its 2013 estimates and lowering its price target. we know that maybe the huge ones are not so huge in china because apple instituted an online reservation system. folks, let's not ignore it. the allies did not even come close to this, the launch of the iphone four in the u.s. when people waited all night long, lines wrapped a
. >> a local police agency warn together public. >> and the letter from china to a local lawmaker slamming warnings about an imported dog food. >> and a little glow fish that researchers say could hold the key to discovering life saving >>> police in san francisco alerting residents in the mission district about a registered sexual offender in their neighborhood. a 53-year-old was released this month, served 24 years for a number of sexual assaults against children. police now say he's living in the mission district apartment, sim yonz has been convicted of several offenses dating back to 1982. >> homeland security launched a search for a woman producing child pornography. take a look at the photos obtained by the department. this woman is accused of producing a video which she engages in sexual condwukt a four to five-year-old victim shechl wears this ring, investigate investigators say danish police down loaded this from the internet. >> research found antibiotics used to treat bronchitis failed to aleave symptoms finding they were likely to lead to side affects including nausea or rashe
will find out how it is changing china. is the season to engage in psychological warfare. and least, that is the accusation being made by north korea against its neighbors to the south, and it has to do with a christmas tree just west of seoul, korea, and the problem is that can be seen miles away in north korea. the north has threatened to the south with retaliation but has not said how exactly. children in one town have been given their christmas presents by elephant at their school. they enjoy the festivities. it is a regular feature of the town, but it was canceled because of flooding. now, when would you need an ax to go swimming? well, here is one example. this is north of the capital of berlin. they were breaking up the ice and then taking a dip. you are watching "bbc world news." these are our headlines. two firefighters have been killed and another wounded in new york state. it happened as they responded to a blaze. an aide to advisor has been killed in afghanistan, the first killing of its kind, shot by a woman in police uniform. and another six police dead. it is now more
. the competition in china. a kissing competition today. they were all in love, but this concept was not easy. each man had to kiss his girlfriend while his feet were off the ground. in the second round, each man had to carry his girlfriend while kissing her. the winning couple took home rings. >> now, your weather forecast. >> pictures of fog in the area made for an interesting to me. father -- a fog advisory. 300 flights cancelled this evening because of the fog. some of that travel delay may linger into the morning. we have been helped out a little bit now because of rain showers, and the rain comes through and picked up tiny little bit of fog. that rain may not last all night. the fog could well come back. keep that in mind. you might want to give a little extra time tomorrow morning. the current temperature. we are seeing warmer air moving in through the evening as winds have turned around in the south. we are still an inch and a half below normal. 5.7 inches below normal for this -- precipitation for the year with a couple weeks to go. you can see heavier rains moving out of pennsylvania. the
a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversin
. last, but certainly not least, i think you could see the new leadership team in china come more aggressive reform program than people are expecting. >> all right. michael, good to have you. >> thank you so much. >> michael jones of riverfront. >> financials looking to continue their upward momentum from yesterday when both bank of america and citi hit new 52-week highs. independent research analyst meredith whitney has turned bullish on financials, too. whitney citing several factors including her view that banks are more than adequately capitalized. and guys, the weakest position banks from the crisis are now more than adequately capitalized, thus what they earn going forward, whatever that is, will now be theirs to employ with far greater discretion than has been the case in the past. that's the crux of her note. >> it needs to be listened to. i think we make a little bit much of meredith whitney, to be frank. it's been a controversial call on municipal bonds a couple of years ago that has not been proven correct. she might argue with that, but i think that's in the facts. you
of uncertainty. so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be sign
. >>> apple downgraded on iphone 5 fears. but what fears? sales of the phones soaring in china over the weekend. 2 million of them sold in the first three days of its launch there. so are fears about apple overblown? president obama says he will use whatever power he has to prevent another massacre like the one in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. t
, but today in china a man with a knife stabbed 22 children and a teacher in an elementary school in china today, so this is -- the gun violence may be unique to america as far as acting out on our schools, but violence against children, against schools, again, 22 children stabbed in china today. in 2010 28 children and two teachers were stabbed in china, so this level of violence, both in china situations were in elementary schools. we have to deal with the overall concept of violence because it can, obviously, be done with handguns, as we saw today with knives as china was today. >> clint making a very important point that this is not simply about guns and gun control, but a cull toor of violence that is, unfortunately, international. we are expecting a news conference from connecticut state police at 1:00 p.m. eastern. we will bring that to you live ahead, but, first, we are going to get a live update from wnbc's jonathan dietz, more breaking news after the break. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't
or others in this work which is deeply disturbing, we need china's help, we need china's cooperation. and perhaps the only way that we can get china to cooperate that china understands that the north korean threat escalates a military presence in the region and that's something that china desperately doesn't want to see. but we have to make it clear that as north korea continues to capos a risk to us and a greater risk to us with missiles that could possiblily hit our shores. and that puts significant pressure on china in terms of its fuel supplies to north korea and other leverage that they can act in a way they really need to and they can act responsibly. >> congressman adam shift, always great to have you on the program. >>> the states must decide if they can create their own insurance marketplaces as part of the federal health care reform law. at least 20 states have already said they have opting out. it is a way for consumers to put private health insurance plans online. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated
demand is expected in china and india in the next 5 years. while the surge in coal exported from the u.s. to europe-- should peak soon. toyota confirms it will have to pay a record $17.35 million fine. it's being levied against the car giant because it delayed recalling nearly 150,000 lexus rx models due to unintended acceleration problems. the impact on toyota's image may be blunted given that it's in a race with arch rival honda to see which company will be hit with more safety recalls in 2012. morgan stanley will pay $5million penalty over facebook's ipo. regulators in massachusetts are fining the brokerage firm for allegedly disclosing facebook's revenue shortfall to analysts -- but not the general public. according to reports.. morgan stanley alerted analysts a week before facebook ipo-ed on the nasdaq. one of the latest deals on wall street has the media in focus. nielsen which already is said to have a monopoly on gathering tv ratings... is moving into the radio market. nielsen is buying arbitron for $1.26 billion dollars. the deal still needs approval by regulators. meanwhile
states but it's doing tremendously well in china. > > over 200 million dollars worldwide, 84 of it's 135 million dollars--the international dollars--are coming from china. even in the u.s. the numbers aren't sexy as you might say---not a lot of number one finishes obviously but its finished fifth for four straight weekends which is kind of unique in itself. so there's obviously a lot of word of mouth out there for what i think is a tremendously flawed film but people are going to see it. it's not going to be an oscar favorite but it will be an oscar player. > > we have a lot to look forward to at the box office this weekend. jack reacher, monsters, inc. 3d, this is 40, and the guilt trip. > > we've got a couple of good movies to look forward to--- jack reacher the tom cruise film did tremendous with mission impossible last year. this film's not going to do as good---this is a new franchise for him. it's going to be interesting to see people's reaction to it because the film does open with a very deadly sniper shooting and obviosuly we've had the newtown shootings this week so i'm wonderi
want to point out that there was eaks lent story, i believe on npr, about a rampage in a china school in which a madman went after children in a school with a knife and he stabbed over 20 of them, but none of them died. and that's the key difference. when you have an automatic weapon that you can rapidly reload, when you have a gun, it kills. it kills more easily. it's hard to stab people to death. >> certainly you're not suggesting that a communist society rules are what we should follow. i mean, a mentally disturbed man stole guns. i haven't been shown any piece of legislation that is going to change that. if there was a gun law that would change the fact that a mentally disturbed man couldn't steal a gun, i would be for it, but the simple fact is, judy, i don't care what law you're going to put in place, the mentally disturbed man is going to steal a gun. >> you can't abolish-- >> he didn't have to steal it, he took it from his mother, what happened in columbine, took them from their parents and the n.r.a., i consider to be a completely utterly destructive organization in this soci
at the twin peaks vista point in san francisco. the accident killed a 56-year-old woman visiting from china and injured two others. police say the injuries knocked the three pedestrians 30 feet down a hillside. while the victim's family did not appear in court, the suspect's relatives came out to the hearing. their attorney did speak saying gina is praying for the victims. >> gina and the entire family is destroyed by what happened. and i think it's fair to say that their main concern is for the victims' family. >> reporter: the district attorney says he will prosecute this case aggressively. he said this is another example of why people should not drink and drive. >> we are very concerned that the use of alcohol and driving especially during the holiday season when there are so many people attending parties. >> reporter: a judge set the bail amount at $2 million. if she's able to make that bail, she will not be able to drink or drive. she is scheduled to return to court on monday. santa rosa condo complex. t 66-year-old woman was discod >>> a body was found floating in ayla going to at a
sales of the iphone 5 in china during its first three days on the market there. apple says it sold more than two million phones in china since friday. and experts say it can be available in more than 100 countries. >> the duchess of cambridge stepped ut for her first public appearance sincement hospitalized for acute morning sickness presenting two awards at the bbc sports personality of the year, she seemed healthy wearing a green dress. the duchess appeared with out her husband, prince william who had a previous commit nmt a movie premier. >> nasa twin probes ended their gravity mapping mission today. the space agency intentionally crashed dish washer sized crafts into the side of a crater near the north poll. this mission launched in september, 20116789 nasa says they produce the highest resolution field map of any celestial body to date. providing a better understanding of how they formed over the ions. >> mazing. >> yes. sit. >> we're expecting more rain and very cold temperatures. >> yes. >> this is mild in comparison it is going to be chilly tonight. we may see frost. >> so snow
for syria, the middle east crisis, communist china. the catholic church faces official who discrimination in china. the pope encourage arab spring nations, such as egypt, to adjust. for some, it was a welcome relief, or a day to rest up before big sales. >> some of us had work today, but not everyone. mother nature helped santa deliver a white christmas across much of the country, from new england to the snow-covered hills of colorado. a winter wonderland for people of all ages. and they're furry friends, too. after a last-minute shopping frenzy in malls across america -- >> i am not going over my limit. >> americans settled down for christmas. some of them this holiday in church, giving prayers' and things with their family. for americans serving in afghanistan, the christmas feast was a bittersweet reminder of life in the states, and the loved ones they left behind. >> and the opportunity to view of my family and mom -- to be with my family,, this job comes with a price. soldiers realize those prices. >> with america winding down its wars, there is a lot to look forward to. just in time
heading into the new year they will be demand owning the iphone in particular is a status symbol in china. >> there were some concerns when the iphone 5 came out on friday, the numbers over the weekend were over 2 million, which is spectacular. so one of the things i am noticing here in this negative news cycle is that everything is interpreted negatively. why were there no lines in china? a lot of the iphone 5 ordering it online. lori: when do you expect them to retrace the all-time high? >> i see no reason we can't see that the next three to four months. lori: i have to challenge you, samsung galaxy phone is very popular, microsoft property, windows 7 has a renewed impact, the new app store having the itunes and leadership, tim cook and the whole maps issue is a credit debacle. >> the only competitor out there is samsung that matters. lori: what about tim cook and not a lot of interest in the pipeline? >> tim cook has led the company for several years. so now it is all on his shoulders. when i think about new products, apple tv on the horizon, apple will dominate the tv market over th
sought in china just hours before the sandy hook massacre in the allen matter school. and man in china went into a school with a knife and stabbed 22 children. almost all of them but one survived because it was a knife and not a gun. >> it seems obvious, but maybe it is worth saying, a gun is a particular lethal method of damamamama human bodies, not ony d thehee frequenyy di, but also becec in an attack with a gun, a person running in an attack with a gun, it also means other people are less likely to intervene. there are many reasons why an attack with a gun is more lethal than an attack with a knife. and that is why, specifically, strong roles are justified to have on a weapon that is specifically made for killing >> rebecca, we only have a few questions. onlhave many the conceal and carried it, a new law that says students can carry on campus and teachers are afraid of giving students a bad grade. i know you have looked at other countries outside australia. how powerful in australia was the gun lobby? look at the nra. they are hiding their heads right now. their facebook pages down
market, the shanghai composite in china, closed well below the markets opened but here are some names posting solid gains when it comes to the steel world. optimism on china coming back giving the steel sector boost. prices for iron ore hitting a decent high lately, not a bad move, translating to a lot of names in this space for a while it looked like the economy was weakening and now it is coming back. dave: we want to let you know we will throughout this hour ridge you -- give the regular updates on a horrendous shooting in connecticut. that is coming throughout the hour. liz: how about alternative investment? putting money behind a pop culture icon. we are looking at other ways to make money than stocks but what about judy garland? the rights to her tv show are up for auction. did you know the rights and royalties of an investment can return 8% to 11% on average? better than a kick in the head. we have the man who is selling rights that he bought from judy garland's former husband. dave: today is the deadline for states to say if they will set up their own health care exchanges or
. >> brian: millions of dollars in a green company only to sell it to china? stewart varney with another waste of your money. he's coming up now. ♪ it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? ♪ >> gretchen: if you are just waking up it is 17 minutes past the top of the is it like a fire sale on america interest? china buying up u.s. compani
no doubt heard outsourcing to china blue there is a new phenomena bringing chinese students to college. but it's not clear cut outcome as pass/fail. >> 23-year-old arial jhang the central chinese province has a new normal at the u.s. college and universities. for the third straight year, most foreign students one in four hail from china. 194,000 students, 23% increase in previous year. >> they are paying tens of thousands in tuition. they are very driven. >> aggressive recruiting brings challenges. chief among them is trouble with the language. at some schools they use head set for english to mandarin translation. at the university of san francisco that enrolls hundreds of students from china, an administrator got fed up and quit. dale smith was associate dean at the usf business school. and isn't talking. but according to account in "san francisco chronicle" he feared influx that it might dilute the educational experience for the business students. i'll a valid concern, say experts who suggest the admission board rely as much on rig louse language screening as on test scores. >> it co
in china are strong. when on friday some reports suggests otherwise. >> john ford is here now with the story. >> two conflicting story lines on apple collided today. one has apple ordering fewer iphone 5 parts which has a less than stellar start to 2013. the other is suggesting demand remains strong in apple's most crucial market for the iphone. the question here is are we at the beginning of a radical global slowdown for the iphone and ipad? half a dozen analysts believe to think so. believing that the iphone 5 parts have cut their price targets in recent days. the idea is that apple is ordering fewer parts for the months after the holidays. the problem with this theory though, demand still looks strong for the iphone 5 given the launch where apple couldn't make phones fast enough. and china did 2 million iphone 5s. europe is week. but with demands elsewhere looking healthy, some numbers at least seem to be going apple's way. the question is whether samsung and amazon are meaningfully zapping the apple products. >> all right, jan. thanks so much. >> we've got both sides of th
is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls f
obviously focus on is china. in september, they approved infrastructure projects. love the way the stocking is acting the last couple of days. dagen: you are bullish on the global economy. charles: for a while now. connell: you are not worried about china athol? charles: i think china is going to continue to be on a roll. i am also impressed with brazil, indonesia and turkey. the rest of the world really doing extraordinarily well. connell: we like when you go global on us, charles. what do you use, google maps or apple? charles: stuart varney is probably better than me when it comes to these smart phones. connell: i do remember when you got away from the flip phone. charles: that is only because i left it in the green room. i heard someone from the smithsonian came up. dagen: charles, thank you so much. connell: let's go to this google graphic story. it is a very popular app. let's put it that way. we will talk about that coming up. more from washington, the house speaker ready to put through his own legislation. >> our hope continues to be to reach an agreement with the president what we
made there debut in china, but to a been there done that response. take a look at metal as we head to break. ♪ [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from td ameritrade. it just common sense. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ lori: that dow is down. let's get a more in-depth check of the markets with nicole petallides on the fl
. >> thank you, steve. >>> for the first time apple is announcing how many iphones it sold in china. more than two million iphone fives sold in the first three days the devices were available in china. apple says that is the best debut for any iphone in china. >>> cisco selling off another piece of its consumer unit. the san jose based company has hired barclays to sell its router unit. last year cisco got rid of the flip camera business as well. they plan to focus on the software and technology business instead. >>> 6:21. there is an indiana jones mystery. who addressed a package to the movie character and why it may have been sent. >>> and is it the beginning of the end of the holiday tradition in pacifica? why fire works might be banned. >>> welcome back to the ktvu channel 2 morning news. early next year san francisco will start testing new street light technology. the city is partnering with eight separate companies that will show how well their different low energy systems work. all the lights can be made brighter or dimmer through remote wi-fi controls that will be tested in downto
different ending. hours before the newtown massacre, a man burst into a elementary school in china and attacked 22 children and along with an elderly woman but rather than use a rifle this man had only a knife. not one person was killed. all were slashed and injured but they also all survived. a massive tragedy averted there. such a different story here. police in china say the man that was apparently mentally 81 now in custody. >> now the victims in china may have survived, america is coming to terms with the loss of 26 lives as teachers, parents and neighbors struggle to make sense of this senseless crime for themselves as well as the kids who have to return to american school system this week that will likely be forever changed. >> it's being a teacher and having to talk with my kids what was happening while we were watching online unfold. not allowing them to have safety anymore, they should be able to go to school. >> this is horrible, little kids don't know the meaning, they don't know danger. ♪ ♪ hmm, it says here that cheerios helps lower cholesterol as part of a heart
outsourcing to china blue there is a new phenomena bringing chinese students to college. but it's not clear cut outcome as pass/fail. >> 23-year-old arial jhang the central chinese province has a new normal at the u.s. college and universities. for the third straight year, most foreign students one in four hail from china. 194,000 students, 23% increase in previous year. >> they are paying tens of thousands in tuition. they are very driven. >> aggressive recruiting brings challenges. chief among them is trouble with the language. at some schools they use head set for english to mandarin translation. at the university of san francisco that enrolls hundreds of students from china, an administrator got fed up and quit. dale smith was associate dean at the usf business school. and isn't talking. but according to account in "san francisco chronicle" he feared influx that it might dilute the educational experience for the business students. i'll a valid concern, say experts who suggest the admission board rely as much on rig louse language screening as on test scores. >> it could go smoothly. it
problem. it's not a crime of passion, no robbery. strictly mental health. in china, they're having a similar phenomenon where these things are occurring with more frequency. you can't get your hands on guns in china but it's happening with knives and axes in schools. there's not really much you can do. columbine had an armed guard. virginia tech has an armed police presence. it's not the answer. i think it's just identifying these people and somehow stepping in before this happens. >> blake, let me ask you this -- mark opens the door about security and armed guards and so forth. my sister-in-law, bless her, down in virginia beach, is a schoolteacher. she called my wife this afternoon to relay a story about security in some of the inner city schools in that area. let me read you what she said. somebody comes into the school, they have to get buzzed in. this guy got buzzed in. we don't know yet why, how, when and where. but he got buzzed in. the buzzer goes off and sets an alert. follow me on this. somebody buzzes in. maybe they go through a window. teachers start a drill. the kids a
since the iphone has gone on sale in china. china is a significant market for apple, it accounts for 15% of the company's revenue or about $24 billion during the last fiscal year. >>> a traffic stop in kansas city leads to the discovery of pipe bombs and fireworks right inside a truck bed. police stopped a tow truck driver on suspicion of drunk driving and after taking a closer look at the truck, they say they found homemade fireworks and pipe bombs. in order to safely detonate those devices they had to shut down a near by greyhound station. >>> coming up a live report from newtown connecticut, plus raiders fans show team pride in support for those lost in friday's shooting. >>> it is a defining moment for our town but it does not define us. we are newtown a special and caring place. >>> a the memorial continues to grow in newtown a city leader says her connecticut town is defined by acts of courage and by continuing commitment to its children. 20 young lives were lost on friday. all of them six or 7 years old. and at a vigil tonight at newtown, president obama talked about the innocen
's release in china. that is a a record launch in china. >> well, still to come here tonight at 6:00 a nationwide clam yoer for stronger gun control laws and a firearms instructor joins to say. >> the neighbors who are raising a red flag. >> and michael finney helps plant a dreaudsx a school hopes to become the little school that could. stay with >>> a new survey shows growing support for gun control following the connecticut school tragedy. according a poll, 54% support stricter gun control. 71% oppose the ban of hand guns but 52% favor banning semi automatic weaponsnhxv÷ andd in the bay area gun control advocates poining to those number questioning universal background checks. more on that. and last night we heard the president say no set of laws could prevent a mass shooting but added that could not be an excuse for doing nothing. tonight the debate is getting more attention. protestors demonstrated outside of the national rifle association in washington, d.c. this morning and a long time gun rights congressman told msnbc it's time to do something. >> i don't know anyone that
longer than all of us. >> where in china do you make your mattresses? >> we're in china? i don't think so. reporter: robin, the third generation, her grandfather, edward, was a mattress equipment saysman from chicago who came to san francisco in 1898 with his brother, leonard. if they were to visit the factory on minnesota street today they would be proud to see the company they offend still -- they founded still going strong. >> the benefit is we're in charge of the quality. >> easy to say. not so easy to do. when they say they make their mattresses from scratch in america, they mean it. beginning with the cotton, they blend and machine into batting. to the coils, which they wire, manufactured in california, then turn, bent, tw twisted by machine, and finished by a former street sweeper. >> all hand-made. >> by your hand. >> by my hand, yeah, all of our hand. >> they build mattresses the old-fashioned way, same tags they always have as reflected through almost a century's worth of orders and receipts that remain on file. the system is definitely old school but it works. when a customer c
, china, show a shark-filled aquarium rupturing at a shopping mall last week. shards of glass, thousands of gallons of water and sharks poured onto the swauk. more than a dozen people were hurt, many suffering from cuts and bruises. the glass apparently shattered becoming brittle from age and temperature. >>> marine biologists are working to keep a six-finned whale alive at breezy point. that's a neighborhood hit hard by hurricane sandy. the 60-foot-long whale is believed to be female and was founded on wednesday. firefighters are spraying her with saltwater. marine biologists are not optimistic about the whale's chances of survival. >>> families are being allowed back into their homes in the neighborhood just outside of rochester, new york. they were forced out on christmas eve after a shooting incident that left two firefighters dead. we have new details about the gunman. >> reporter: the foundation is awe that remains of this home in webster, new york, one of seven burned on christmas eve. speng ler shot at firefighters when they arrived. off-duty policeman john ritter got there secon
if you're looking for a new chinese restaurant look no further than celebrity chef martin yan's my china. after the break we'll take a closer look at the new restaurant in this weeks version of dine and dish. if your furry friends need a place to spend the holidays while you are out of town. there's an app for that! those stories and more when we returne. gabe slate tech report >> if you have paid do if you he a dog and you need to go on vacation, this is a free account when woners can find a local boarder and they hand pick them dog vay cay has 24/7 support and these are official boraders. it was fun for companionship and a nice way to have a pet without having a long term committment and nice side money... a 15% cut is for the app.. a great place with no kennesl for the dogs. >> we had a lot of are rated today we have a lot of rain today i even saw a double rainfali even saw a double rainw pockets of heavy rainfall. and as............... san jose. and as we go towards south san jose towards the valley. the showers are picking up. at this wet weather will return and off the coast of san
with the democrats. dagen: apples weekend in china. new iphone sales top 2 million units. connell: $3.24 a gallon. these are the best prices we have seen all year for gasoline. a very, difficult day and weekend for many around the country. dagen: it will be a difficult week, month and many years to come as we try to deal with these shootings in newtown, connecticut. we will bring you up-to-date about any news as we get it. you'll hear about it in the fox news minute coming up in just a short while. connell: the business news of the day. we will begin with nicole petallides at the new york stock exchange. good morning. nicole: we did have a moment of silence for those in morning. our nation is in morning. let's take a look at the names on the move this morning. you can see some accelerated selling. 13% to the downside. it has been virtually flat. clearwater for $2.99. it is even below that particular level. we knew that sprint are ready to part of it. here is some economic news. not that great. it was down again. five months in a row. in japan, they had a big election. a lot of people have been ho
than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>> also, the national association for business economics growth in 2013 to come in at 2.1% after growing by 2.2% in 2012. that would continue the same tepid growth that the country has seen since the recession ended back in mid 2009. >>> and the nation is mourning the horrific event of friday in newtown, connecticut. president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on th
in medical equipment to russia in 2011, but we face strong competition from china, which increased its share of the russian market in each of the last ten years. mr. president, we don't shy away from strong competition, but we want that competition to be able to be played out on an even playing field. and as long as we don't have normal permanent trade relations with russia, we're disadvantaging ourselves. it simply doesn't make sense. russia has agreed he, since joining the w.t.o., russia agreed to reduce average tariffs on medical equipment to 4.3% and to cut its top tariffs from 15% down to 7%. as it stands now, that is a benefit that china will get, and we will not. it simply doesn't make sense to anybody. to grant russia pntr status requires us to repeal the 1974 jackson-vanik amendment. a lot of our staff members, i hasten to say, were not even born back when jackson-vanik was put in place. and many of our colleagues and a lot of our staff have studied the soviet union but have never really experienced that period of time, and what we're living with is a complete and total relic of a b
into this year. yeah, you know what i'm talking about, china. how about that economy over there? after pausing because the government was busy whipping inflation, now, thank you, late gerald ford, now it's coming on strong. i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the easiest story, everybody wrote it. turned out two fabulous places to invest. how about this housing market? most common worry, the dreaded shadow inventory. oh, the shadow inventory. >> the house of pain. >> so many banks and so many homes said the books could never recover. wasn't that the narrative? now, where are we? the shadow inventory turned out. the banks that were thought to be a t
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